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US SECRETARY OF STATE BLINKEN: WE ARE WORKING WITH ALLIES ON VOLUNTARY AI CONDUCT CODE.

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EXEC. VP EU COMMISSION VESTAGER: WITHIN THE NEXT FEW WEEKS WE WILL ADVANCE DRAFT OF CODE OF CONDUCT ON AI.

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BOE'S MANN: THERE IS A RISK OF ECONOMIC RELATIONSHIPS BREAKING DOWN AND NON-LINEARITIES.

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BOE'S MANN: WE ARE ON A PATH THAT HAS AN AWFUL LOT OF VOLATILITY.

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BOE'S MANN: INFLATION GAP MAKES POLICY MAKERS JOB MORE DIFFICULT.

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GERMAN ECONOMY MINISTER HABECK: WE HAVE A TECHNICAL RECESSION AND RECOVERY WILL ONLY TAKE EFFECT GRADUALLY THIS YEAR.

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GERMAN ECONOMY MINISTER HABECK: WE HAVE A TECHNICAL RECESSION, RECOVERY WILL ONLY TAKE EFFECT GRADUALLY THIS YEAR

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BOE'S MANN: IF FIRMS HAVE HIGH PRICING POWER, THEY ARE GOING TO USE IT.

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SOFR ACTIVITY POINTS TO A UNWIND OF DOWNSIDE HEDGES FOR JUNE FED.

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BOE'S MANN: THE GAP BETWEEN UK HEADLINE AND CORE INFLATION IS MORE PERSISTENT THAN IN THE US AND EUROZONE.

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GERMAN ECONOMY MINISTER HABECK: INFLATION DATA IS STILL TOO HIGH BUT MEASURES TO DAMPEN IT ARE HAVING AN EFFECT.

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HOUSE REP. SPEAKER MCCARTHY: I PLAN TO CREATE A COMMISSION ON OVERALL SPENDING.

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HOUSE UPDATE: HOUR-LONG DEBATE ON THE DEBT BILL (PROVIDED ITS RULE IS FIRST ADOPTED) WILL NOW START EARLIER THAN PREVIOUSLY ANNOUNCED AT 7:15PM WITH A FINAL VOTE TO FOLLOW - CSPAN REPORTER TWEETS.

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S&P 500 DOWN 19.99 POINTS, OR 0.48 PERCENT, AT 4,185.53 AFTER MARKET OPEN

DOW JONES DOWN 145.39 POINTS, OR 0.44 PERCENT, AT 32,897.39 AFTER MARKET OPEN

NASDAQ DOWN 53.37 POINTS, OR 0.41 PERCENT, AT 12,964.06 AFTER MARKET OPEN

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REGISTER HERE - BOE'S MANN SPEAKS https://positivapengar.se/webinar-kumhof/?utm_source=Coop&utm_medium=BOF&utm_campaign=Kumhof2023

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GAZPROM'S DAILY GAS FLOWS TO CHINA REACHED A NEW RECORD ON MAY 30TH.

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GERMAN FINANCE MINISTER LINDNER: ECB INTEREST RATE POLICY AND GOVERNMENT FISCAL POLICY MUST WORK HAND-IN-HAND IN A RESTRICTIVE WAY.

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EFFECTIVE FED FUNDS RATE 5.08% MAY 30, UNCHANGED.

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EIA: US MONTHLY CRUDE OIL OUTPUT ROSE TO 12.7 MLN BPD IN MARCH.

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GERMAN FINANCE MINISTER LINDNER: THE LATEST INFLATION DATA IS A POSITIVE INTERIM STEP BUT NO ALL CLEAR YET.